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10 January, 18:52

when a store has a sale, it cuts the prices on the goods it sells. is that more likely to happen when there is a surplus or when there is a shortage? explain (optional but i need it)

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  1. 10 January, 20:02
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    When there is a surplus. Obviously the producer/seller has more of the item than the consumer/buyers want or need. Therefore, they (producers) are reducing the price to unload the item. A surplus tends to cause prices to fall.
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